(Optional) Explain the concept of entrepreneurship.

Explanation should include the concept that an entrepreneur is an individual who undertakes the creation, organization, ownership, and risk of a for-profit or not-for-profit business/venture across career clusters. 

Explanation should also address basic personal and societal benefits of entrepreneurship, as well as examples of local and national entrepreneurs.

Process/Skill Questions: 

  • Why would a person want to be an entrepreneur?
  • What personality traits benefit an entrepreneur?
  • What type of work ethic is needed to be a successful entrepreneur?
  • Why are entrepreneurs often referred to as risk-takers? What are risks involved?
  • Why is innovation critical in entrepreneurship?
  • How have entrepreneurs shaped the growth of the U.S. economy?

Teacher Resources: